comprehensive problem. requires the whole accounting cycle. please help! first 3 pics actual problem.

Accounting 2140 - Comprehensive Problem On October 1, 2019, Santana Rey launched a computer services company called Business ilting services, computer system installations, and custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2019. After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2019, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2019) follows. Credit Debit $ 38,664 13,018 2,545 1,920 3,140 8,100 21,600 No. 101 106 126 128 131 163 164 167 168 201 210 236 307 318 319 403 612 68,000 Account Title Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Accumulated depreciation Office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue Common stock Retained earnings Dividends Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals 6.100 32,779 623 637 640 652 655 676 677 684 1,708 704 230 725 $100,779 $100,779 Business Solutions had the following transactions and events in December 2019. Dec. 2 2 Paid $1,010 cash to Hillside Mall for Business Solutions' share of mall advertising costs. Daldsson.cash for minor test the company computer Business Solutions had the following transactions and events in December 2019. Dec. 2 3 4 10 14 15 16 Paid $1,010 cash to Hillside Mall for Business Solutions' share of mall advertising costs. Paid $500 cash for minor repairs to the company's computer. Received $4,950 cash from Alex's Engineering Co. for the receivable from November. Paid cash to Lyn Addie for six days of work at the rate of $110 per day. Notified by Alex's Engineering Co. that Business Solutions' bid of $7,800 on a proposed project has been accepted. Alex's paid a $2,100 cash advance to Business Solutions. Purchased $2,000 of computer supplies on credit from Harris Office Products. Sent a reminder to Gomez Co, to pay the fee for services recorded on November 8. Completed a project for Liu Corporation and received $6,575 cash. Took the week off for the holidays. Received $3,600 cash from Gomez Co. on its receivable. Reimbursed S. Rey for business automobile mileage (600 miles at $0.32 per mile). The company paid $1,200 cash in dividends. 20 22-26 28 The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months. a. The December 31 inventory count of computer supplies shows $660 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. C. As of December 31, Lyn Addie has not been paid for four days of work at $110 per day. d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. e. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. f. Three of the four months' prepaid rent have expired. Required: 1. Prepare journal entries to record each of the December transactions and events for Business Solutions. 2-a. Prepare adjusting entries to reflect a through f. 2-b. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 3. Prepare an adjusted trial balance as of December 31, 2019. 4. Prepare an income statement for the three months ended December 31, 2019. 5. Prepare a statement of retained earnings for the three months ended December 31, 2019. 6. Prepare a balance sheet as of December 31, 2019. 7. Record and post the necessary closing entries as of December 31, 2019. 8. Prepare a post-closing trial balance as of December 31, 2019. Requirement 1 - General Journal Entries: No Date General Journal Debit Credit Requirement 2-a - Adjusting Entries: No Transaction General Journal Debit Credit Requirement 2-b and 7-Post Transactions to General Ledger 101: Cash Debit Credit Balance Date 106: Accounts Receivable Date Debit Credit Balance 126: Computer Supplies Date Debit Credit Balance 128: Prepaid Insurance Date Debit Credit Balance 131: Prepaid Rent Debit Credit Balance 163: Office Equipment Date Debit Credit Balance Date 164: Accumulated Depreciation- Office Equipment Date Debit Credit Balance 167: Computer Equipment Date Debit Credit Balance 126: Computer Supplies Date Debit Credit Balance 128: Prepaid Insurance Date Debit Credit Balance 131: Prepaid Rent Il Debit Credit Balance 163: Office Equipment Date Debit Credit Balance Date 164: Accumulated Depreciation- Office Equipment Date Debit Credit Balance 167: Computer Equipment Date Debit Credit Balance 168: Accumulated Depreciation- Computer Equipment Date Debit Credit Balance 201: Accounts Payable Date Debit Credit Balance 210: Wages Payable Debit Credit Balance 236: Unearned Computer Services Revenue Date Debit Credit Balanc Date 307: Common Stock Debit Credit Balance 318: Retained Earnings Date Debit Credit Balance Date 319: Dividends Debit Credit Balance 403: Computer Services Revenue Date Debit Credit Balance Date JULULIILO.pl 168: Accumulated Depreciation- Computer Equipment Date Debit Credit Balance 201: Accounts Payable Date Debit Credit Balance 210: Wages Payable Date Debit Credit Balance 236: Unearned Computer Services Revenue Date Debit Credit Balance 307: Common Stock Debit Credit Balance 3 18: Retained Earnings Date Debit Credit Balance Date 319: Dividends Debit Credit Balance 403: Computer Services Revenue Date Debit Credit Balance Date 612: Depreciation Expense-Office Equipment Date Debit Credit Balance 613: Depreciation Expense-Computer Equipment Date Debit Credit Balance 623: Wages Expense Date Debit Credit Balance 637: Insurance Expense Date Debit Credit Balance 640: Rent Expense Debit Credit Balance 652: Computer Supplies Expense Date Debit Credit Balance Date 655: Advertising Expense Date Debit Credit Balance 676: Mileage Expense Date Debit Credit Balance 677: Miscellaneous Expense Date Debit Credit Balance 684: Repairs Expense-Computer Date Debit Credit Balance T 1 901: Income Summary Date Debit Credit Balance Requirement 3- Adjusted Trial Balance BUSINESS SOLUTIONS Adjusted Trial Balance December 31, 2019 Account Title Debit Credit Requirement 4 - Income Statement BUSINESS SOLUTIONS Income Statement For Three Months Ended December 31, 2019 Requirement 5 - Statement of Retained Earnings BUSINESS SOLUTIONS Statement of Retained Earnings For Three Months Ended December 31, 2019 Requirement 6-Balance Sheet BUSINESS SOLUTIONS Balance Sheet December 31, 2019 | Requirement 7 - Closing Entries: No Date General Journal Debit Credit Requirement 8 - Post Closing Trial Balance BUSINESS SOLUTIONS Post-Closing Trial Balance December 31, 2019 Debit Credit T1